Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks) - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)

Reply
 
Thread Tools
  #1 (permalink)  
Old 15-05-2018, 03:29 PM
Junior Member
 
Join Date: May 2018
Posts: 1
sgproptrader is on a distinguished road
Default Factual Local Bank Salaries - DBS , UOB , OCBC (A commoner climbing up the ranks)

Hi,

Been searching for local bank salaries as I am progressing the ranks in a local bank. I checked through this forum and feel that many people are not giving realistic salaries. Example, work for 2 to 3 years can become AVP. or AVP salary > 15k etc.

Below are the ranks that I am aware of based on my experience. I was working at the back office and now currently in the middle office.

Hopefully the community can update what I type. I appreciate people giving actual salaries that they have received when working. Kindly avoid those" My friend told me" comments. Also, if you are a high flyer front office guy, please do comment on other threads. I believe if you are a senior rank person, ED, MD , you probably will not look at forums for salary guide.

UOB: Class 2 Officer , Senior Officer, Manager, AVP, VP1, VP2, FVP .....

DBS: Analyst, Associate, Senior Associate, AVP, VP, SVP , ED , MD

OCBC: ??


I can confirm that if you are back office UOB AVP, your salary can be something like 6k+ (lowest). The band is quite wide.

For Associate, your band can be 4k + to 5.8k. For Senior associate, can be from 68000 to 100k per year.

The above figures, I have worked the roles before and have asked the HR directly.

For DBS, most back/middle jobs require at least 5 years of banking experience. 8 years and above for AVP.
Please do share more details.

Reply With Quote
  #2 (permalink)  
Old 15-05-2018, 05:21 PM
Unregistered
Guest
 
Posts: n/a
Default

i am CEO of Goldman Sachs.

last year i worked as bank teller for them. within 1 year i hit the CEO post and am proud of it.

my current annual salary is more than Prime Minister Lee Hsien Loong.



SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #3 (permalink)  
Old 27-09-2018, 05:21 AM
Unregistered
Guest
 
Posts: n/a
Default

I myself am befuddled by the ranks in the local banks. I have recently shifted from dbs as associate to job senior officer.

I was drawing 4.2 as associate in dbs and 4.8 as senior officer in uob

Reply With Quote
  #4 (permalink)  
Old 27-09-2018, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I myself am befuddled by the ranks in the local banks. I have recently shifted from dbs as associate to job senior officer.

I was drawing 4.2 as associate in dbs and 4.8 as senior officer in uob
How many years of work experience do you have?
How many months bonus in total will you be getting?
Reply With Quote
  #5 (permalink)  
Old 27-09-2018, 02:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Let me try to input for OCBC.

OCBC: (Bank Officers), Associate8, Assistant Manager7, Manager6, Assistant Vice President5, AVP4, VP3, VP2, VP1, SVP?, MD?

Not very sure of the senior ranks. But within each rank, there is a band
Reply With Quote
  #6 (permalink)  
Old 27-09-2018, 06:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How many years of work experience do you have?
How many months bonus in total will you be getting?
I entered as fresh. So total would be 5 years. I received 3~3.5 months not sure about now.
Reply With Quote

  #7 (permalink)  
Old 04-10-2018, 03:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I myself am befuddled by the ranks in the local banks. I have recently shifted from dbs as associate to job senior officer.

I was drawing 4.2 as associate in dbs and 4.8 as senior officer in uob
What is the requirement to become an associate of bank?
Apply few time but not success.
Reply With Quote
  #8 (permalink)  
Old 27-10-2018, 10:56 AM
Unregistered
Guest
 
Posts: n/a
Default

Worked in OCBC year 2000 till 2001:
- Entered as Poly grad with 3 years experience $2.1k base (rank is Bank Officer)
- Promoted to assistant manager in 2001, pay $3.2k

Worked in DBS year 2006 to 2007:
- Entered as AVP, pay $7.5k... qualifications is non-degree (only with diploma)

Worked in UOB 2015 to 2017:
- entered as VP1, pay $10K.... qualifications is Master degree (earned in in 2014 via distance learning)

Worked in Stanchart 2018 till now
- Entered as Band6, pay is $160k base per annum
Reply With Quote
  #9 (permalink)  
Old 27-10-2018, 09:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Worked in OCBC year 2000 till 2001:
- Entered as Poly grad with 3 years experience $2.1k base (rank is Bank Officer)
- Promoted to assistant manager in 2001, pay $3.2k

Worked in DBS year 2006 to 2007:
- Entered as AVP, pay $7.5k... qualifications is non-degree (only with diploma)

Worked in UOB 2015 to 2017:
- entered as VP1, pay $10K.... qualifications is Master degree (earned in in 2014 via distance learning)

Worked in Stanchart 2018 till now
- Entered as Band6, pay is $160k base per annum
DBs average how many months of bonus?
Reply With Quote
  #10 (permalink)  
Old 27-10-2018, 09:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Worked in OCBC year 2000 till 2001:
- Entered as Poly grad with 3 years experience $2.1k base (rank is Bank Officer)
- Promoted to assistant manager in 2001, pay $3.2k

Worked in DBS year 2006 to 2007:
- Entered as AVP, pay $7.5k... qualifications is non-degree (only with diploma)

Worked in UOB 2015 to 2017:
- entered as VP1, pay $10K.... qualifications is Master degree (earned in in 2014 via distance learning)

Worked in Stanchart 2018 till now
- Entered as Band6, pay is $160k base per annum
You have a very good progression in the first 8 years. It kind of slow down between 2007 to 2015 comparing to other years. Possible to illustrate with bonus? It is an amazing feat that you did earn $7.5k without a degree with 7 years experience.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Local Vs Foreign Bank Jobs Income and Jobs 18 01-02-2018 06:34 PM
jump from foreign bank to local bank arrownarrow Income and Jobs 4 30-07-2017 06:35 PM
DBS vs UOB vs OCBC: Among these 3 local banks, which is the best to work in? dreamzknight Income and Jobs 11 05-07-2016 09:54 PM
SPF : What are the salaries of an ASP and above ranks. curious_george Income and Jobs 2 22-06-2015 10:16 AM
$3.5K for an IT role in a local bank unknown Income and Jobs 11 14-03-2014 02:13 PM

» 30 Recent Threads
MCI and IMDA
0 Replies, 20 Views
Roles in accenture singapore ( 1 2 3... Last Page)
270 Replies, 186,480 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
590 Replies, 272,573 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,405 Replies, 1,132,127 Views
Career as Teacher ( 1 2 3... Last Page)
1,761 Replies, 1,159,063 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,351 Replies, 482,935 Views
How much savings do you have? ( 1 2 3... Last Page)
1,250 Replies, 481,799 Views
Lawyer Salary ( 1 2 3... Last Page)
4,526 Replies, 1,634,404 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,554 Replies, 411,829 Views
Compilation of MAs/Analysts Gross... ( 1 2)
18 Replies, 1,499 Views
Getting MBA worth? ( 1 2 3... Last Page)
97 Replies, 58,807 Views
Working Culture in IRAS ( 1 2 3... Last Page)
52 Replies, 55,145 Views
DBS BANK Interview replies ( 1 2 3... Last Page)
420 Replies, 236,038 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
815 Replies, 615,586 Views
How is life as a doctor in... ( 1 2 3... Last Page)
705 Replies, 682,764 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,475 Replies, 843,995 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,612 Replies, 679,776 Views
GIC career ( 1 2 3... Last Page)
220 Replies, 270,877 Views
Pay grade at CSA ( 1 2 3... Last Page)
65 Replies, 8,522 Views
fresh grad seeking a career,but no... ( 1 2 3... Last Page)
37 Replies, 11,970 Views
Compare civil service salary ( 1 2 3... Last Page)
8,394 Replies, 4,674,772 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,532 Replies, 1,501,125 Views
ST Electronics ( 1 2 3... Last Page)
303 Replies, 126,527 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,194 Replies, 914,968 Views
Dilemma - SAP or Data analytics?
2 Replies, 303 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
100 Replies, 61,024 Views
working under singhealth ( 1 2 3)
21 Replies, 13,750 Views
Standard Chartered International... ( 1 2 3... Last Page)
47 Replies, 42,471 Views
Salary for engineer at Singapore...
9 Replies, 9,519 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:19 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2